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Reply to "401K plus pension"
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[quote=Anonymous][quote=Anonymous]I have $200,000 in a 401K plus a pension that I am vested into for approximately $6500 per month starting at the age of 58. I am currently 42. Am I super far behind? I feel like I should have way more in my 401K. Making $150,000 a year (but that is new). Started at $55,000 and have gone up over the past 15 years. [/quote] OP if you are a federal employee check with your HR folks to see if you have access to a tool called FedHRNavigator. If so see if they have the retirement calculator module installed. If so you can just answer some questions and it will do the behind the scenes calculations for you. You can change assumptions for contributions to retirement account, inflation, etc., it will also give you a fairly accurate estimate of your future social security benefits. [/quote]
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